OpenFaster
OpenFaster is a Chicago-based private technology company founded in 2021 that aims to help founders of small businesses such as restaurants and shops navigate the requirements to launch successfully.
- Company typePrivate
- Founded2021
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
OpenFaster firmographics
Firmographics- Name
- OpenFaster
- Website
- https://openfaster.com
- Company type
- Private
- Founded year
- 2021
- Headcount range
- 1–10 employees
- Short description
- OpenFaster is a Chicago-based private technology company founded in 2021 that aims to help founders of small businesses such as restaurants and shops navigate the requirements to launch successfully.
- Ownership category
- akta.pro rank
Where OpenFaster is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Markets served
OpenFaster business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations
OpenFaster product offering
Product offeringCore offering
OpenFaster uses technology to help founders of small businesses such as restaurants or shops navigate the steps and requirements needed to launch their businesses successfully. The company's website (openfaster.com) presents only a contact form, with no detailed product descriptions, feature listings, or service catalog disclosed in the available source material.
Differentiator
Problem solved
Functional benefit
Companies that use OpenFaster
Customer profileIdeal customer profiles1 record
OpenFaster technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
OpenFaster competitors and assessment
Company assessmentDirect peers
- Bizee (formerly Incfile): Discount business formation and registered agent service focused on small business owners. Closely comparable as a low-cost, tech-enabled SMB launch competitor.
- ZenBusiness: Venture-backed LLC formation and ongoing compliance service for small businesses. Directly competes on the same 'open your business quickly and stay compliant' value proposition that OpenFaster advertises.
- Northwest Registered Agent: Registered agent and LLC formation service with privacy-forward positioning and bundled compliance tools. Comparable as a tech-enabled SMB formation and ongoing-compliance provider.
- Doola: Tech-enabled platform that helps non-U.S. founders form U.S. companies (LLC/C-Corp), obtain EINs, and stay compliant. Comparable as a software-first business-launch navigator targeting founders.
- Swyft Filings: Online business formation service offering LLC and corporation filings with bundled compliance add-ons. Closely comparable as an SMB-focused online formation platform.
- Firstbase: Startup-incorporation and post-formation operations platform (banking, taxes, compliance). Directly comparable as a tech-driven incorporation and launch service for new ventures.
- Clerky: Automated legal paperwork platform for startup formation (C-Corp, 83(b), founder agreements). Comparable as a software-first alternative to traditional business-formation services.
Emerging players
- Tailor Brands: AI-driven platform for small business branding, formation, and ongoing compliance tools. Comparable as a tech-enabled, multi-product SMB launch stack targeting the same founder persona.
Broad incumbents
- Gusto: Major payroll, HR, and benefits platform purpose-built for small businesses. Broader incumbent adjacent to the post-launch SMB compliance layer OpenFaster would touch.
- LegalZoom: Public company and dominant U.S. provider of business formation, registered agent, and compliance services for small businesses. Directly comparable as a tech-enabled SMB launch platform with a far larger brand and product suite.
Market position
Customer concentration
OpenFaster financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenFaster leadership team
Management profileNumber of profiles
OpenFaster funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenFaster M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OpenFaster
What does OpenFaster do?
OpenFaster uses technology to help founders of small businesses such as restaurants or shops navigate the steps and requirements needed to launch their businesses successfully. The company's website (openfaster.com) presents only a contact form, with no detailed product descriptions, feature listings, or service catalog disclosed in the available source material.
When was OpenFaster founded?
OpenFaster was founded in 2021. It employs 1 to 10 people.
Where is OpenFaster based?
OpenFaster is headquartered in Chicago, United States, in the North America region.
Who are OpenFaster's main competitors?
Direct peers on record are Bizee (formerly Incfile), ZenBusiness, Northwest Registered Agent, Doola, Swyft Filings, Firstbase and Clerky. Tailor Brands is listed as an emerging player. Broad incumbents are Gusto and LegalZoom.
Does OpenFaster have an API?
No public API is recorded for OpenFaster.